Chemours Co.
CC 0.52%
, the performance-chemicals company spun off from
DuPont Co.
in July, said Thursday that it will cut $350 million in costs by 2017 and review options for its chemical solutions business.

Chemours also said it had swung to a loss in the second quarter as sales fell 10%.

Chemours’s products are used in things like plastics, coatings and air conditioning. Its brands include Teflon, Ti-Pure and Krytox. The company has struggled lately with weak titanium dioxide pricing and currency headwinds.

Chemours said its previously announced restructuring moves will cut $40 million in costs in the second half of the year. By 2017, the company is aiming for $350 million in cost cuts on further corporate and manufacturing efficiency moves.

Chemours said it is also reviewing strategic alternatives for its chemical solutions business, excluding the cyanide business, which it plans to grow by 50%.